Comments on: Why Robert T. Kiyosaki is a best-selling author? http://kclau.com/book-reviews/robert-kiyosaki/ Personal Finance Money Tips Sun, 20 May 2012 09:50:01 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: A.K.J. http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-150383 A.K.J. Wed, 26 Aug 2009 14:50:16 +0000 http://kclau.com/?p=1280#comment-150383 I do agree with Reed's analysis of Kiyosaki's books. His books are meant to sell, not really informative, although I must say that they're pretty inspiring. What must be cautioned to potential readers is that certain advices advocated in his books are not as simple as he sounded. By only describing the greener pastures of the 'right side' of the quadrants, readers may be duped to believe that the pastures are definitely and has to be greener on the other side. For example, while it's generally true that property investors can earn passive income by owning properties and renting them out, he should have cautioned the downside risk of this strategy. Most people starting in the E quadrant may not have the capability to own that many properties. And it's too risky to put most of their saved income into one property. Imagine if the project is stalled, then the investor will be saddled with a huge mortgage while not deriving any income. I have personally known people who have bought properties in hope of getting the rent checks, but instead turned into huge liabilities. If I were to write a book on financial planning, I would have written both the upside and downside risks of each investment strategy because not doing so is rather a disservice to my readers. Another 'bad' advice is measuring success of a person through his or her financial statement. A person's success in life should not be measured only by his or her financial achievement. It should be the degree of realization of the person's dreams. For example, someone may have a dream to trek up the highest mountains in the world and he spent most of his earned money to realize this dream. In my humble opinion, to follow his own dream and realizing them is a success and it has made his life meaningful. (Of course, he should still have a retirement plan for his old age.) Lastly, another major bad advice is how he has sort of painted the picture that going to college, getting formal education has to be working against wealth-building, which I strongly disagree. Although it's generally true that many of the skills required to be successful in real life are not really taught in schools, but there are still a lot to learn from these formal education channels too. To those who may share the same view, I recommend these other books which I think are more practical and less rhetorics and narrations: Richest Man in Babylon, The Only Investment Guide You'll Ever Need by Andrew Tobias, The Money Guide (or Book?) by CAP. I do agree with Reed’s analysis of Kiyosaki’s books. His books are meant to sell, not really informative, although I must say that they’re pretty inspiring. What must be cautioned to potential readers is that certain advices advocated in his books are not as simple as he sounded. By only describing the greener pastures of the ‘right side’ of the quadrants, readers may be duped to believe that the pastures are definitely and has to be greener on the other side. For example, while it’s generally true that property investors can earn passive income by owning properties and renting them out, he should have cautioned the downside risk of this strategy. Most people starting in the E quadrant may not have the capability to own that many properties. And it’s too risky to put most of their saved income into one property. Imagine if the project is stalled, then the investor will be saddled with a huge mortgage while not deriving any income. I have personally known people who have bought properties in hope of getting the rent checks, but instead turned into huge liabilities. If I were to write a book on financial planning, I would have written both the upside and downside risks of each investment strategy because not doing so is rather a disservice to my readers. Another ‘bad’ advice is measuring success of a person through his or her financial statement. A person’s success in life should not be measured only by his or her financial achievement. It should be the degree of realization of the person’s dreams. For example, someone may have a dream to trek up the highest mountains in the world and he spent most of his earned money to realize this dream. In my humble opinion, to follow his own dream and realizing them is a success and it has made his life meaningful. (Of course, he should still have a retirement plan for his old age.) Lastly, another major bad advice is how he has sort of painted the picture that going to college, getting formal education has to be working against wealth-building, which I strongly disagree. Although it’s generally true that many of the skills required to be successful in real life are not really taught in schools, but there are still a lot to learn from these formal education channels too. To those who may share the same view, I recommend these other books which I think are more practical and less rhetorics and narrations: Richest Man in Babylon, The Only Investment Guide You’ll Ever Need by Andrew Tobias, The Money Guide (or Book?) by CAP.

]]> By: Bankers Exchange Services http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-150251 Bankers Exchange Services Wed, 12 Aug 2009 16:05:21 +0000 http://kclau.com/?p=1280#comment-150251 <strong>1031 Exchange – August 2009...</strong> Welcome to the August 12, 2009 edition of 1031 exchange. KCLau presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance author I follow. I started ... 1031 Exchange – August 2009…

Welcome to the August 12, 2009 edition of 1031 exchange.

KCLau presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance author I follow. I started …

]]> By: Carnival of Financial Planning – Edition #100 – August 1, 2009 | Cash Money Life http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-150142 Carnival of Financial Planning – Edition #100 – August 1, 2009 | Cash Money Life Tue, 04 Aug 2009 15:35:33 +0000 http://kclau.com/?p=1280#comment-150142 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...]

]]> By: B@L@ http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149953 B@L@ Tue, 14 Jul 2009 00:52:28 +0000 http://kclau.com/?p=1280#comment-149953 i have done with the new book called conspiracy of the rich, very informative and easy to understand. FinancialFearful, as piece of sharing, you should join one and start learn it and earn it :-) . We are going to start somehere right? why dont we start from here. what is sure is the MLM is slow but surely wil do better to those who believe in it. i have done with the new book called conspiracy of the rich, very informative and easy to understand. FinancialFearful, as piece of sharing, you should join one and start learn it and earn it :-) . We are going to start somehere right? why dont we start from here. what is sure is the MLM is slow but surely wil do better to those who believe in it.

]]> By: Carnival of Financial Planning - Edition #97 - July 10, 2009 | Dividend Tree http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149944 Carnival of Financial Planning - Edition #97 - July 10, 2009 | Dividend Tree Sat, 11 Jul 2009 12:09:20 +0000 http://kclau.com/?p=1280#comment-149944 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...]

]]> By: KCLau http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149931 KCLau Thu, 09 Jul 2009 05:33:41 +0000 http://kclau.com/?p=1280#comment-149931 @ FinanciallyFearful They recommend MLM for their marketing skill training. @ FinanciallyFearful

They recommend MLM for their marketing skill training.

]]> By: FinanciallyFearful http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149924 FinanciallyFearful Wed, 08 Jul 2009 16:47:54 +0000 http://kclau.com/?p=1280#comment-149924 hi there, kiyosaki suggested to do m.l.m but in malaysia it sounded kinda like really nasty stuff... so what is your opinion regarding this matter? should i join one? hi there,

kiyosaki suggested to do m.l.m but in malaysia it sounded kinda like really nasty stuff…
so what is your opinion regarding this matter? should i join one?

]]> By: Bankers Exchange Services http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149883 Bankers Exchange Services Thu, 02 Jul 2009 15:19:01 +0000 http://kclau.com/?p=1280#comment-149883 <strong>1031 Exchange – July 1, 2009...</strong> Welcome to the July 1, 2009 edition of 1031 exchange. KCLau presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance author I follow. I started rea... 1031 Exchange – July 1, 2009…

Welcome to the July 1, 2009 edition of 1031 exchange.

KCLau presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance author I follow. I started rea…

]]> By: Money Hacks — June 29, 2009 - by Money Hacks http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149868 Money Hacks — June 29, 2009 - by Money Hacks Wed, 01 Jul 2009 20:49:12 +0000 http://kclau.com/?p=1280#comment-149868 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...]

]]> By: KCLau http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149840 KCLau Sun, 28 Jun 2009 07:04:42 +0000 http://kclau.com/?p=1280#comment-149840 @ Traineeinvestor, That's a very interesting review by John T Reed. @ Traineeinvestor,

That’s a very interesting review by John T Reed.

]]> By: traineeinvestor http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149828 traineeinvestor Sat, 27 Jun 2009 07:29:43 +0000 http://kclau.com/?p=1280#comment-149828 While some people claim that Kiyosaki is inspirational, his track record is actually pretty awful, his credibility is non-existent and some of the things he writes are simply laughable. The guy makes a living selling seminars and half baked financial inanities to the gullable. John T Reed has the best review of Kiyosaki: http://www.johntreed.com/Kiyosaki.html While some people claim that Kiyosaki is inspirational, his track record is actually pretty awful, his credibility is non-existent and some of the things he writes are simply laughable. The guy makes a living selling seminars and half baked financial inanities to the gullable.

John T Reed has the best review of Kiyosaki: http://www.johntreed.com/Kiyosaki.html

]]> By: Carnival of Financial Planning - Edition #95 - June 27, 2009 | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149826 Carnival of Financial Planning - Edition #95 - June 27, 2009 | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois Sat, 27 Jun 2009 04:52:30 +0000 http://kclau.com/?p=1280#comment-149826 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau#8217;s Money Tips, saying, Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau#8217;s Money Tips, saying, Robert T. Kiyosaki is the best personal finance [...]

]]> By: 33rd Carnival of Making REAL Money – July 2009 | Obblogatory http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149796 33rd Carnival of Making REAL Money – July 2009 | Obblogatory Tue, 23 Jun 2009 16:27:23 +0000 http://kclau.com/?p=1280#comment-149796 [...] “a discussion of Dave Ramsey and his methods.” On a similar note, KCLau looks at Why Robert T. Kiyosaki is a best-selling author? which is posted at KCLau’s Money Tips. He reckons “Robert T. Kiyosaki is the best [...] [...] “a discussion of Dave Ramsey and his methods.” On a similar note, KCLau looks at Why Robert T. Kiyosaki is a best-selling author? which is posted at KCLau’s Money Tips. He reckons “Robert T. Kiyosaki is the best [...]

]]> By: Canadian Personal Finance Blog » Blog Archive » Carnival of Financial Planning #94 http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149769 Canadian Personal Finance Blog » Blog Archive » Carnival of Financial Planning #94 Sat, 20 Jun 2009 11:54:16 +0000 http://kclau.com/?p=1280#comment-149769 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...]

]]> By: TMM Blog Carnival - June 2009 Edition 1 | Personal Finance - Thecreditcardfiles.com http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149735 TMM Blog Carnival - June 2009 Edition 1 | Personal Finance - Thecreditcardfiles.com Mon, 15 Jun 2009 13:36:31 +0000 http://kclau.com/?p=1280#comment-149735 [...] KCLau presents Why Robert T. Kiyosaki is a best-selling author? [...] [...] KCLau presents Why Robert T. Kiyosaki is a best-selling author? [...]

]]> By: TMM Blog Carnival - June 2009 Edition 1 | Understanding The Stock Market http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149733 TMM Blog Carnival - June 2009 Edition 1 | Understanding The Stock Market Mon, 15 Jun 2009 10:46:19 +0000 http://kclau.com/?p=1280#comment-149733 [...] KCLau presents Why Robert T. Kiyosaki is a best-selling author? [...] [...] KCLau presents Why Robert T. Kiyosaki is a best-selling author? [...]

]]> By: Festival of Frugality: “The Baseball Edition” http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149730 Festival of Frugality: “The Baseball Edition” Mon, 15 Jun 2009 00:54:47 +0000 http://kclau.com/?p=1280#comment-149730 [...] Lau pegs out a runner at second with Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money [...] [...] Lau pegs out a runner at second with Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money [...]

]]> By: Carnival of Cashflow Consciousness #3 - The Wastin#8217; Away Edition http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149702 Carnival of Cashflow Consciousness #3 - The Wastin#8217; Away Edition Thu, 11 Jun 2009 08:12:19 +0000 http://kclau.com/?p=1280#comment-149702 [...] Lau presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau#8217;s Money [...] [...] Lau presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau#8217;s Money [...]

]]> By: Money Hacks Carnival 68- Stanley Cup Final Edition | Financial Highway http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149694 Money Hacks Carnival 68- Stanley Cup Final Edition | Financial Highway Wed, 10 Jun 2009 09:05:57 +0000 http://kclau.com/?p=1280#comment-149694 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...]

]]> By: The 29th Carnival of Internships & Employment http://kclau.com/book-reviews/robert-kiyosaki/comment-page-1/#comment-149682 The 29th Carnival of Internships & Employment Mon, 08 Jun 2009 16:35:39 +0000 http://kclau.com/?p=1280#comment-149682 [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...] [...] presents Why Robert T. Kiyosaki is a best-selling author? posted at KCLau’s Money Tips, saying, “Robert T. Kiyosaki is the best personal finance [...]

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